United Real Estate Company

URCStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	17.93M	9.68M	26.33M	10.95M	14.20M
Cash & Short-Term Investments	18.93M	17.94M	35.38M	20.80M	14.20M
Receivables	41.33M	46.42M	41.39M	44.08M	47.16M
Inventory	31.39M	31.49M	8.49M	24.36M	55.49M
Current Assets	95.13M	98.86M	88.90M	91.84M	119.99M
PP&E	540.46M	524.77M	515.18M	515.80M	391.52M
Intangible Assets	1.26M	1.39M	1.49M	1.60M	1.70M
Total Assets	687.60M	671.97M	665.48M	667.72M	600.43M
Liabilities
Accounts Payable	66.76M	66.98M	66.86M	77.15M	46.14M
Current Liabilities	95.23M	91.25M	88.68M	172.61M	108.52M
Long-Term Debt	332.20M	342.53M	350.65M	267.31M	275.68M
Short-Term Debt	11.78M	12.56M	14.01M	19.88M	21.37M
Total Debt	374.94M	370.24M	375.40M	362.77M	306.53M
Total Liabilities	477.95M	467.68M	478.85M	479.17M	415.73M
Equity & Ownership
Retained Earnings	42.26M	46.73M	41.35M	45.34M	38.93M
Total Equity	209.65M	204.29M	186.63M	188.54M	184.70M
Net Debt	356.01M	352.31M	340.01M	341.97M	292.33M
Shares Outstanding	1,435,523,635	1,367,166,993	1,367,166,993	1,367,166,998	1,128,019,774
Cash & Assets
Total Assets	687.60M	671.97M	665.48M	667.72M	600.43M
Total Current Assets	95.13M	98.86M	88.90M	91.84M	119.99M
Cash & Equivalents	17.93M	9.68M	26.33M	10.95M	14.20M
Cash & Short-Term Investments	18.93M	17.94M	35.38M	20.80M	14.20M
Net Cash (Debt)	-356.01M	-352.31M	-340.01M	-341.97M	-292.33M
Net Cash Per Share	-0.27	-0.26	-0.25	-0.30	-0.26
Cash Growth	+5.5%	-49.3%	+70.1%	+46.5%	+22.3%
Accounts Receivable	41.33M	46.42M	41.39M	44.08M	47.16M
Receivables	41.33M	46.42M	41.39M	44.08M	47.16M
Inventory	31.39M	31.49M	8.49M	24.36M	55.49M
Prepaid Expenses	1.63M	1.38M	1.54M	0.45M	0.67M
Construction In Progress	32.99M	14.54M	14.37M	18.53M	15.96M
Land	360.06M	371.34M	358.67M	361.95M	224.09M
Buildings	180.84M	179.63M	178.77M	175.95M	189.74M
Machinery	44.11M	53.00M	53.80M	52.77M	50.58M
Property, Plant & Equipment	540.46M	524.77M	515.18M	515.80M	391.52M
Other Intangible Assets	1.26M	1.39M	1.49M	1.60M	1.70M
Other Current Assets	1.84M	1.63M	2.10M	2.15M	2.46M
Long-Term Leases	14.26M	3.44M	2.93M	—	—
Current Portion of Leases	1.02M	1.30M	0.85M	—	—
Loans & Investments
Short-Term Investments	1.00M	8.25M	9.06M	9.85M	—
Long-Term Investments	50.75M	46.96M	42.28M	42.54M	62.07M
Liabilities & Obligations
Total Liabilities	477.95M	467.68M	478.85M	479.17M	415.73M
Total Liabilities & Equity	687.60M	671.97M	665.48M	667.72M	600.43M
Total Current Liabilities	95.23M	91.25M	88.68M	172.61M	108.52M
Accounts Payable	66.76M	66.98M	66.86M	77.15M	46.14M
Current Unearned Revenue	—	—	—	—	674.92K
Other Current Liabilities	—	—	—	—	30.86M
Long-Term Deferred Tax Liabilities	30.07M	24.77M	31.71M	31.19M	31.52M
Other Long-Term Liabilities	6.19M	5.69M	4.88M	8.06M	—
Debt & Funding
Long-Term Debt	332.20M	342.53M	350.65M	267.31M	275.68M
Short-Term Debt	11.78M	12.56M	14.01M	19.88M	21.37M
Total Debt	374.94M	370.24M	375.40M	362.77M	306.53M
Current Portion of Long-Term Debt	15.68M	10.41M	6.96M	75.57M	9.47M
Equity & Book Value
Shareholders' Equity	209.65M	204.29M	186.63M	188.54M	184.70M
Total Common Equity	203.12M	196.38M	184.04M	188.19M	169.72M
Common Stock	143.05M	143.05M	143.05M	143.05M	118.80M
Additional Paid-In Capital	15.55M	15.55M	16.04M	16.04M	16.04M
Retained Earnings	42.26M	46.73M	41.35M	45.34M	38.93M
Treasury Stock	-7.65M	-15.50M	-15.50M	-15.50M	-14.48M
Comprehensive Income & Other	9.90M	6.55M	-0.91M	-0.74M	10.43M
Minority Interest	6.54M	7.91M	2.59M	0.36M	14.99M
Book Value Per Share	0.14	0.14	0.13	0.14	0.15
Tangible Book Value	201.86M	194.99M	182.54M	186.59M	168.02M
Tangible Book Value Per Share	0.14	0.14	0.13	0.14	0.15
Filing Date Shares Outstanding	1.44B	1.37B	1.37B	1.37B	1.13B
Total Common Shares Outstanding	1.44B	1.37B	1.37B	1.37B	1.13B
Working Capital	-0.11M	7.60M	0.22M	-80.77M	11.46M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	17.93M	9.68M	26.33M	10.95M	14.20M
Cash & Short-Term Investments	18.93M	17.94M	35.38M	20.80M	14.20M
Receivables	41.33M	46.42M	41.39M	44.08M	47.16M
Inventory	31.39M	31.49M	8.49M	24.36M	55.49M
Current Assets	95.13M	98.86M	88.90M	91.84M	119.99M
PP&E	540.46M	524.77M	515.18M	515.80M	391.52M
Intangible Assets	1.26M	1.39M	1.49M	1.60M	1.70M
Total Assets	687.60M	671.97M	665.48M	667.72M	600.43M
Liabilities
Accounts Payable	66.76M	66.98M	66.86M	77.15M	46.14M
Current Liabilities	95.23M	91.25M	88.68M	172.61M	108.52M
Long-Term Debt	332.20M	342.53M	350.65M	267.31M	275.68M
Short-Term Debt	11.78M	12.56M	14.01M	19.88M	21.37M
Total Debt	374.94M	370.24M	375.40M	362.77M	306.53M
Total Liabilities	477.95M	467.68M	478.85M	479.17M	415.73M
Equity & Ownership
Retained Earnings	42.26M	46.73M	41.35M	45.34M	38.93M
Total Equity	209.65M	204.29M	186.63M	188.54M	184.70M
Net Debt	356.01M	352.31M	340.01M	341.97M	292.33M
Shares Outstanding	1,435,523,635	1,367,166,993	1,367,166,993	1,367,166,998	1,128,019,774
Cash & Assets
Total Assets	687.60M	671.97M	665.48M	667.72M	600.43M
Total Current Assets	95.13M	98.86M	88.90M	91.84M	119.99M
Cash & Equivalents	17.93M	9.68M	26.33M	10.95M	14.20M
Cash & Short-Term Investments	18.93M	17.94M	35.38M	20.80M	14.20M
Net Cash (Debt)	-356.01M	-352.31M	-340.01M	-341.97M	-292.33M
Net Cash Per Share	-0.27	-0.26	-0.25	-0.30	-0.26
Cash Growth	+5.5%	-49.3%	+70.1%	+46.5%	+22.3%
Accounts Receivable	41.33M	46.42M	41.39M	44.08M	47.16M
Receivables	41.33M	46.42M	41.39M	44.08M	47.16M
Inventory	31.39M	31.49M	8.49M	24.36M	55.49M
Prepaid Expenses	1.63M	1.38M	1.54M	0.45M	0.67M
Construction In Progress	32.99M	14.54M	14.37M	18.53M	15.96M
Land	360.06M	371.34M	358.67M	361.95M	224.09M
Buildings	180.84M	179.63M	178.77M	175.95M	189.74M
Machinery	44.11M	53.00M	53.80M	52.77M	50.58M
Property, Plant & Equipment	540.46M	524.77M	515.18M	515.80M	391.52M
Other Intangible Assets	1.26M	1.39M	1.49M	1.60M	1.70M
Other Current Assets	1.84M	1.63M	2.10M	2.15M	2.46M
Long-Term Leases	14.26M	3.44M	2.93M	—	—
Current Portion of Leases	1.02M	1.30M	0.85M	—	—
Loans & Investments
Short-Term Investments	1.00M	8.25M	9.06M	9.85M	—
Long-Term Investments	50.75M	46.96M	42.28M	42.54M	62.07M
Liabilities & Obligations
Total Liabilities	477.95M	467.68M	478.85M	479.17M	415.73M
Total Liabilities & Equity	687.60M	671.97M	665.48M	667.72M	600.43M
Total Current Liabilities	95.23M	91.25M	88.68M	172.61M	108.52M
Accounts Payable	66.76M	66.98M	66.86M	77.15M	46.14M
Current Unearned Revenue	—	—	—	—	674.92K
Other Current Liabilities	—	—	—	—	30.86M
Long-Term Deferred Tax Liabilities	30.07M	24.77M	31.71M	31.19M	31.52M
Other Long-Term Liabilities	6.19M	5.69M	4.88M	8.06M	—
Debt & Funding
Long-Term Debt	332.20M	342.53M	350.65M	267.31M	275.68M
Short-Term Debt	11.78M	12.56M	14.01M	19.88M	21.37M
Total Debt	374.94M	370.24M	375.40M	362.77M	306.53M
Current Portion of Long-Term Debt	15.68M	10.41M	6.96M	75.57M	9.47M
Equity & Book Value
Shareholders' Equity	209.65M	204.29M	186.63M	188.54M	184.70M
Total Common Equity	203.12M	196.38M	184.04M	188.19M	169.72M
Common Stock	143.05M	143.05M	143.05M	143.05M	118.80M
Additional Paid-In Capital	15.55M	15.55M	16.04M	16.04M	16.04M
Retained Earnings	42.26M	46.73M	41.35M	45.34M	38.93M
Treasury Stock	-7.65M	-15.50M	-15.50M	-15.50M	-14.48M
Comprehensive Income & Other	9.90M	6.55M	-0.91M	-0.74M	10.43M
Minority Interest	6.54M	7.91M	2.59M	0.36M	14.99M
Book Value Per Share	0.14	0.14	0.13	0.14	0.15
Tangible Book Value	201.86M	194.99M	182.54M	186.59M	168.02M
Tangible Book Value Per Share	0.14	0.14	0.13	0.14	0.15
Filing Date Shares Outstanding	1.44B	1.37B	1.37B	1.37B	1.13B
Total Common Shares Outstanding	1.44B	1.37B	1.37B	1.37B	1.13B
Working Capital	-0.11M	7.60M	0.22M	-80.77M	11.46M